Netlinkz gets key breakthrough in European market with new VSN partnership
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The deal gives NET key access to major research and innovation projects in the EU.
Virtual Secure Network (VSN) company Netlinkz Limited (ASX: NET) has expanded its global distribution footprint with a new deal in Europe.
The company announced this morning that it’s signed a one-year Memorandum of Understanding (MOU) with Uni Systems Information Technology.
Headquartered in Greece, Uni Systems will collaborate on a research and development partnership based on Netlinkz’s patented VSN technology.
The VSN allows clients to securely manage their data transmission and storage both remotely (without relying on an external provider) and via the use of mobile devices.
Commenting on the announcement, Netlinkz CEO James Tsiolis said the agreement provides the company with an exciting pathway into the European market.
Working with Uni Systems, NET now has a “significant opportunity” to get its IP (intellectual property) at the forefront of key initiatives such as Horizon Europe – the EU’s €100 billion research and innovation program.
“We look forward to working with Uni Systems in introducing our ground-breaking technology to Europe,” Tsiolis said.
The two companies will look to access market opportunities in the digital transformation of the EU public sector, as well as solutions across Internet of Things (IoT), 5G networks and AI technologies using the Netlinkz IP.
As part of the agreement, both parties will build an on-site IoT Lab at Uni Systems’ premises, which will operate as an incubator to test VSN solutions suited to the European marketplace.
Uni Systems chairman Yiannis Loumakis said the partnership leverages the relative strengths of both parties to benefit from the development of Netlinkz’s “breakthrough” VSN technology.
“Furthermore, with the creation of the IoT lab at our premises, we will be able to support the launch of a range of innovative services and solutions to the benefit of our clients,” Loumakis said.
Along with its new distribution deal in Europe, Netlinkz also has a strong market footprint in China, where it booked a 1,100% increase in revenue for the December half year, when compared with the same period the year prior, after the launch of its VSN 2.0 platform last August.
NET’s latest agreement complements its existing partnership with LNS International, which has an extensive network and client base in the APAC region.
This article was developed in collaboration with Netlinkz, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.